The SGX spokesperson said its Aa2 rating from Moody's will offer a trusted alternative for trading crypto futures.

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.

An SGX spokesperson said its Aa2 rating from Moody's will provide a trusted and valuable alternative for traders interested in engaging with crypto futures.

Also, the SGX is the fourth-largest stock exchange in the world by market capitalization and is a recognized and trusted institution in the financial industry.

This contrasts with FTX, which was a new and relatively unknown cryptocurrency exchange that operated in a less-regulated space.

As the world's financial institutions grapple with the fallout from the FTX collapse, the spotlight has fallen on the role of regulation and supervision in the cryptocurrency market.

The bankruptcy of FTX, once a major cryptocurrency exchange, has sent shockwaves through the industry, raising concerns about the stability and solvency of decentralized financial institutions.

In stark contrast, the SGX spokesperson highlighted the importance of regulation and supervision in maintaining trust and stability within the financial system.

The spokesperson pointed out that the SGX is a fully regulated and supervised stock exchange, operating under the stringent regulations of the Monetary Authority of Singapore (MAS).

"The SGX is rated Aa2 by Moody's, which is a lower rating than the Aaa top rating but still within the investment-grade bracket. This rating attests to the SGX's strong balance sheet, excellent earnings generation capacity, and the deep and liquid market that we maintain," the spokesperson added.

The SGX spokesperson further explained that the exchange's close cooperation with the MAS enables it to introduce new products and services in a controlled and regulated manner.

This includes the recent launch of crypto futures in collaboration with CME Group, the world's leading and most diverse derivatives marketplace.

"The crypto futures that we recently launched in partnership with CME Group are fully compliant with MAS regulations and are subject to the same level of supervision as any other financial product traded on the SGX," the spokesperson emphasized.

The spokesperson also noted that the CME Group is a well-known and trusted financial institution, already providing market data and benchmarks for the crypto market.

This partnership attests to the increasing mainstream acceptance of cryptocurrencies and the demand for regulated and transparent trading venues.

As the cryptocurrency industry continues to evolve, the role of trusted and regulated institutions like the SGX will become increasingly crucial in facilitating the safe and efficient flow of capital in the digital age.